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Elderly Care At Home & Senior Budgeting Tips in Lubbock, TX

Aug 24, 2017 by Lisa Carson RN, BSN

Financial Awareness Month is almost over but there’s still time for seniors to make beneficial changes to their spending habits that will give them financial peace of mind and protect their savings for the future. Senior citizens should take the time to evaluate their current financial situation and design a plan to improve it. If your senior loved one is having trouble staying out of debt and making the most out of their savings, consider the following tips from professionals that provide elderly care at home in Lubbock, TX:

Build an Emergency Fund

Unforeseen and costly emergencies can happen at any time. Whether it’s an issue with their car, an unanticipated hospital visit that is not covered by insurance, or maintenance at home, it’s essential that older adults build an emergency fund that they can use in the event that unexpected expenses arise.

Buy in Cash

Credit card debt can be a real problem for seniors. Making cash purchases can save them from overspending on interest and buying items that they truly cannot afford. If possible, older adults may want to buy everything in cash and avoid monthly payment plans.

Forget About “the Joneses”

Seniors should understand that living above their means and buying things that they truly cannot afford might add stress into their life. All too often, older adults buy expensive vehicles and designer clothing for the sole purpose of trying to keep up with other people. By disregarding what others have and only focusing on their personal needs and wants, they can save thousands of dollars each year.

Downsize Your Home

Many senior citizens are living in the same home they raised their adult children. In order to save money on living expenses, downsizing into a smaller house, condo, or apartment is an excellent choice. In addition to saving them money, downsizing will make it easier for them to clean and maintain their home. Senior can also benefit from personalized elderly care at home, where they will receive help with personal care and light housekeeping from professional in home caregivers. Comfort Keepers of Lubbock, TX also offers specialized in home care services like respite care, dementia care, transitioning home care and end of life care.

Cut the Cable

Cable can be very costly, especially for senior citizens living on a fixed income. Older adults who get rid of their cable and subscribe to streaming services like Netflix, Hulu, and Amazon Prime will enjoy a variety of movies and television shows without the financial burden.

Ask About Senior Discounts

Restaurants, retailers, hotel chains, and entertainment venues often offer discounts to their senior customers. Since these discounts are not always advertised, older adults should get in the habit of asking about a senior discount prior to making any purchase. Even a small savings of 15 or 20% off can make a positive difference in their finances.

Clip Coupons

Coupons can be found in newspapers, magazines, and the internet. Older adults who spend time finding and clipping coupons can save a significant amount of money on groceries, household supplies, and more. Seniors who are serious about coupon clipping should invest in a binder so that they have somewhere to place and organize all of the coupons they clip.


Taking control of their finances is a simple way for senior citizens to avoid unnecessary stress in their life. It can also ensure that their savings will last as long as possible and allow them to live a high quality of life during their older years. Encourage your loved one to re-evaluate their financial situation, and let Comfort Keepers know how we can help.


Elderly care at home gives seniors the extra support that they need to thrive living independently. In home care services can include everything from personal care to housecleaning and meal preparation. If you have a senior loved one in Lubbock, TX that needs some help to remain comfortable and independent at home, contact us or call (806) 228-7359 and schedule a free in-home visit.

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